Shell Gas Station Investment Opportunity

4619 Main St, Holt, FL

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For Sale

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Gas station with supermarket, home, and strong lease terms.

Type:RETAIL

Property size:

7,491 SF

Lot size:

0.63 Acres

Price / SF:

$393/SF

HighLights

20‑year NNN lease in place with a starting monthly rental rate of $20,000.
Average 20‑year cap rate of 10% with scheduled increases: 8% (2024), 9% (2029), 10% (2034), 11% (2039).
Seller financing available up to $500,000 at 6% interest‑only with a 2‑year balloon.
Only gas station within a 10‑mile radius directly off Highway I‑10.
Browns Supermarket, a community staple for over 50 years, is included on the property.
Recent renovations including a new canopy, pumps, lighting, signage, deli counter, and a state‑of‑the‑art check‑out counter planned for August 2024.

We can help!

Listing Contact

David Rosenthal

For Sale

Contact for pricing

Gas station with supermarket, home, and strong lease terms.

Type:RETAIL

Property size:

7,491 SF

Lot size:

0.63 Acres

Price / SF:

$393/SF

Added:: Jan 3, 2025
Days on Market:: 527
Last Refresh:: May 20 at 9:30 pm

Property Features for 4619 Main St

General Information

Standard status: Active
Size: 7,491 SF
Lot size: 0.63 Acres
Property subtype: RETAIL

We can help!

Listing Contact

David Rosenthal

Listing agent David Rosenthal License #BK3076744

Listing office Grimaldi Commercial Realty Corp

Listing date Jan 3, 2025

Source Moodyscre

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Grimaldi Commercial Realty Corp

HighLights

20‑year NNN lease in place with a starting monthly rental rate of $20,000.
Average 20‑year cap rate of 10% with scheduled increases: 8% (2024), 9% (2029), 10% (2034), 11% (2039).
Seller financing available up to $500,000 at 6% interest‑only with a 2‑year balloon.
Only gas station within a 10‑mile radius directly off Highway I‑10.
Browns Supermarket, a community staple for over 50 years, is included on the property.
Recent renovations including a new canopy, pumps, lighting, signage, deli counter, and a state‑of‑the‑art check‑out counter planned for August 2024.

Overview

This property features a Shell gas station, a Browns supermarket, and a single-family home located at the rear of the property. The gas station benefits from a 20-year pure NNN lease, with a monthly rental rate starting at $20,000. The lease includes 10% rental increases every 5 years. The average 20-year cap rate is projected at 10%, with an in-place cap rate of 8% in 2024, increasing to 9% in 2029, 10% in 2034, and 11% in 2039. The gas station is the only one within a 10-mile radius directly off of Highway I-10. Browns supermarket has been a community staple for over 50 years. Recent renovations include a new canopy, new pumps, new lighting, new signage, and a new deli counter. A state-of-the-art check-out counter is planned for August of 2024. The property encompasses 7491 square feet.

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$277.8k	$37.08
− Vacancy	−$8.3k	−$1.11
EGI	$269.4k	$35.97
− OpEx	−$67.4k	−$8.99
NOI	$202.1k	$26.98

7,491 SF · lease $37.08/SF/yr · vacancy 3.00% · expense 25.00%

Alternative Uses

Best Use

Specialty Retail

$2.89M

$2.53M – $3.37M (±1% cap)

NOI $202,075 @ 7.0% cap · market cap 6.85%

Second Best

Retail

$1.54M

$1.35M – $1.79M (±1% cap)

NOI $107,679 @ 7.0% cap · market cap 3.65%

Theoretical Best

—

same as Best Use

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Gas stations

Suggested Use

Location Insight

Map
Local Demand

City: Holt
County: Okaloosa
State: Florida
Longitude: -86.7476
Latitude: 30.7152

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For sale
Gas stations
FL
Holt
4619 Main St

What type of property is this?

Gas station - Gas station with supermarket, home, and strong lease terms.

Where is this gas station located?

The property is located at 4619 Main St Holt, FL.

What is the asking price?

The asking price for this property is $2,950,000.

What are key features of this property?

This property features: 20‑year NNN lease in place with a starting monthly rental rate of $20,000.; Average 20‑year cap rate of 10% with scheduled increases: 8% (2024), 9% (2029), 10% (2034), 11% (2039).; Seller financing available up to $500,000 at 6% interest‑only with a 2‑year balloon.

4619 Main St, Holt, FL

Gas station with supermarket, home, and strong lease terms.

Property Features for 4619 Main St

General Information

We can help!

HighLights

Overview

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Mobile Home and RV Park

Mobile Home and RV Park

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